Tokyo Steel
Japanese steelmaker Tokyo Steel, in partnership with Stemcor, is launching its own enso® brand of green steel to help maintain and expand its presence in the European Union market until the full implementation of the cross-border carbon adjustment mechanism (CBAM). This was reported by Kallanish.
“Initially, this brand includes hot rolled coil and hot rolled plate, of which the embodied carbon emissions are approximately one third and one fifth respectively compared to “similar products from the market leading EU blast furnace producer,” the company said.
Tokyo Steel currently supplies low-carbon steel to the European market, and the new brand demonstrates the company’s commitment to achieving even lower emissions and maintaining its market share as demand for green steel continues to grow.
Tokyo Steel produces steel using the electric arc method, using scrap as a raw material. In the future, the company plans to produce fully environmentally friendly steel by using renewable energy sources.
«We will continue to work towards achieving the lowest possible levels of embodied carbon emissions with the application of proprietary technological advances and enhanced levels of renewable energy in the production process. The enso brand reaffirms Tokyo Steel’s commitment to the circular economy and achieving a zero carbon footprint,” said Hisanori-Sakai, Executive Director of International Sales, Tokyo Steel.
As GMK Center reported earlier, in 2023, Japan reduced steel production by 2.5% compared to 2022, to 87 million tons. As a result, the country ranked 3rd in the global steel producer ranking by WorldSteel. Japan’s steel exports in 2023 reached 32.2 million tons.
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